Tax Deduction for Malaysian @ 2012

 These are the following reliefs available for Resident Malaysians:

Included in MTD system	RM
Self and Dependent	9,000
Life insurance and EPF	6,000
Husband/Wife/Alimony Payments	3,000
Ordinary Child relief (per child)	1,000
Total	> 15,000

Not usually included in MTD / PCB system but relevant to most taxpayers	RM
Interest expended to finance purchase of residential property. (only for first 3 years)	10,000
Net saving in SSPN's scheme	6,000
Education Fees (Individual)	5,000
NEW: PRS Voluntary Contribution	3,000
Purchase of personal computer (every 3 years)	3,000
Insurance premium for education or medical benefit	3,000
Purchase of books, journals, magazines and publications	1,000
Complete medical examination	500
Subscription fees for broadband registered in the name of the individual	500
Purchase of sport equipment for sport activities	300
Total	29,300

Not included in MTD system but relevant to certain taxpayers	RM
Disabled Individual	6,000
Basic supporting equipment (for disabled self, spouse, child or parent)	5,000
Medical expenses for serious diseases	5,000
Disabled child	5,000
Medical expenses for parents	5,000
Child age 18 years old and above, not married and pursuing diplomas or above qualification in Malaysia @ bachelor degree or above outside Malaysia in program and in Higher Education Institute that is accredited by related Government authorities	4,000
Disabled Wife / Husband	3,500
Child age 18 years old and above, not married and receiving full-time tertiary education	1,000
Premium on new annuity scheme or additional premium paid on existing annuity scheme commencing payment from 01/01/2010 (amount exceeding RM1,000 can be claimed together with life insurance premium)	1,000
Total	> 35,500

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